- TOD Location in Lakewood – Short Walk to Lamar Light Rail Station
- Rapidly Changing Neighborhood – Residential Development Throughout
- Recent Renovations & Capital Improvements
- Tenant-Focused Amenities
- Value-Add Potential
- Attractive Assumable Debt
TOD Location in Lakewood – Short Walk to Lamar Light Rail Station
This property is ideally situated just ¼ mile from the Lamar Light Rail Station, providing tenants with seamless access to Downtown Denver and the Foothills. Additionally, it is located just blocks from several national retailers, offering everyday convenience and a highly desirable living experience.
Rapidly Changing Neighborhood – Residential Development Throughout
The Red Brick Apartments is surrounded by new townhome and multifamily development with projects that are for sale and for rent. The surrounding area boasts a strong economic profile, with over 1,000 homes within a 1-mile radius valued between $500K and $1M. The average household income in this area is $75K, and an impressive 65% of the local population holds a college degree, indicating a well-educated tenant base.
Recent Renovations & Capital Improvements
Several units have undergone extensive renovations, featuring new LVP flooring and stainless steel appliances, enhancing the overall appeal and rental potential. Additionally, all windows have been replaced, improving energy efficiency and reducing maintenance costs. The property’s boiler is regularly maintained, with upgraded valves to ensure long-term operational efficiency.
